AI Crypto Livepeer Explodes 150% on Upbit Listing

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The native token of Livepeer LPT, a decentralized artificial intelligence video processing protocol, soared on Friday to its strongest price in four months on exchange listing and other catalyst.

The token advanced 150% over the past 24 hours, hitting a session high at $14.20, CoinDesk data shows. The surge defied a slump in the broader crypto market, with bitcoin BTC sliding 2% below $106,000 and the CoinDesk 20 Index declining 3.5% during the same period. Most artificial intelligence-linked tokens were down 5%-10%.

The price action happened as popular Korean exchange Upbit introduced trading with the token against KRW and Tetherโ€™s USDT on its platform earlier on Friday.

Joel Kruger, a crypto market strategist, highlighted that asset manager Grayscale introduced earlier this week its Artificial Intelligence Crypto Sector, with Livepeer being included among the 20 cryptocurrencies.

Ecosystem developer Livepeer Foundationโ€™s advisory boards also kicked into gear, starting a community survey about the platformโ€™s strategic direction, he pointed out.

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